$459,000
Phoenix, AZ 85007
MLS# 6971035
6 beds | 6 baths
1 / 25
Property Description
Vacant investor special and fixer-upper with huge upside! This red brick property offers a rare value-add opportunity near Downtown Phoenix. The main home is set up as a 5 bed / 5 bath layout, ideal for a PadSplit / co-living strategy or a strong rental hold once renovated. There's also an approx. 700 sq ft casita that can be finished and rented separately for additional income. Projected rents are around $1,000 per bedroom in the main house plus ~$1,500/month for the casita, for an estimated $6,500/month total potential. Seller is motivated and is looking for a cash offer with a quick close. Located minutes from Downtown Phoenix with easy access to major freeways, jobs, dining, nightlife, and entertainment.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $459,000
Status: Active
Current Price: $459,000
List Date: 2026-01-13
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): UNIVERSITY
Assessor's Parcel #: 157
Tax Municipality: Phoenix
Taxes: 590
House Number: 1002
Compass: W
Street Name: POLK
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2516
County Code: Maricopa
Assessor Number: 111-28-157
Subdivision: UNIVERSITY ADDITION
Tax Year: 2025
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 1
Full Bathrooms: 6
Half Bathrooms: 0
Approx SQFT: 1138
Price/SqFt: 403.34
Approx Lot SqFt: 6250
Approx Lot Acres: 0.143
Horses: N
Builder Name: na
Lead Based Hazard Disclosure: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Kenilworth Elementary School
Jr. High School: Kenilworth Elementary School
High School: Central High School
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Dwelling Type: Single Family Residence
Exterior Stories: 1
# Bedrooms: 6
Total Bathrooms: 6
Year Built: 1906
Legal Info
Range: 3E
Section: 6
Township: 1N
Lot Number: 31
Special Listing Cond
N/A: 1
Construction
Block: 1
Const - Finish
Cement Siding: 1
Roofing
Composition: 1
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Master Bathroom
Full Bth Master Bdrm: 1
Dining Area
Formal: 1
Heating
None: 1
Kitchen Features
None: 1
Cooling
Central Air: 1
Laundry
None: 1
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Fencing
Back Yard: 1
Front Yard: 1
Water Source
City Water: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 0
Total Covered Spaces: 0
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
FannieMae (HomePath): 1
Utilities
SRP: 1
Existing 1st Loan
Treat as Free&Clear: 1
Landscaping
Dirt Front: 1
Dirt Back: 1
Disclosures
None: 1
Possession
Close of Escrow: 1
Association Fee Incl
No Fees: 1
Assoc Rules/Info
None: 1
Remarks Misc
Geo Lat: 33.453581
Geo Lon: -112.086476
Property Features
Special Listing Cond: N/A
Master Bathroom: Full Bth Master Bdrm
Spa: None
Dining Area: Formal
Kitchen Features: None
Laundry: None
Construction: Block
Const - Finish: Cement Siding
Roofing: Composition
Cooling: Central Air
Heating: None
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Fencing: Back Yard; Front Yard
Landscaping: Dirt Front; Dirt Back
Lockbox Type: Supra
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; FannieMae (HomePath)
Disclosures: None
Listing Office: eXp Realty
Last Updated: January - 19 - 2026
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